Signet Jewelers Limited (SIG) released that associates of Leonard Green & Partners, L.P., will invest $625 million in the form of convertible preferred shares. The company will report its next earnings on Nov 22 – Nov 28 (Est.).
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As for earnings, the Street is expecting that the firm will post earnings of $0.21 per share for the current quarter. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 0.5%.
Shares of Signet Jewelers (SIG) – parent to mall-based jewelry retailers Kay Jewelers, Jared the Galleria of Jewelry and Zales – are plummeting Thursday on worse-than-expected results and guidance. The proceeds will be used to buy back shares, adding to the company’s existing buyback program.
Signet Jewelers also dropped 14 percent after its results also missed estimates.
Signet’s net sales fell 2.6 percent to $1.37 billion in the quarter.
Signet Jewelers Ltd. (NYSE:SIG) now has a PEG ratio of 0.78 where as its P/E ratio is 13.31. The share price of the stock surged 16.98% for the year. These are the high and low price target projections based on the 8 sell-side analysts taken into consideration by Zacks research.
Shares of Signet were trading down almost 15% at $81.50 on Thursday, with a consensus analyst price target of $129.02 and a 52-week trading range of $77.00 to $152.27.
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Twitter Inc (NYSE:TWTR), jumped 0.38% and closed at $18.32 in the last trading session. The Market Capitalization of the company stands at 6.5 Billion. It has twelve month low of $77.00 and twelve month high of $152.27. The stock was acquired at an average price of $86.25 per share, for a total transaction of $300,150.00. The Company Touched its 52-Week High on Oct 30, 2015 and 52-Week Low on Jun 27, 2016.
The stock’s average daily volume is 2,144,040 shares out of a total float 61,698,000 of and some 5,141,839 shares crossed the trading desk. today. Signet Jewelers’s revenue was down.8% on a year-over-year basis. It maintained return on assets (ROA) for the last twelve months at 48.31%. The company now has a Return on Equity of 16.70% and Return on Investment of 11.60%.
In the pre-market trading, the stock dropped $12.03, or 12.6 percent, to $83.47. Year-to-date (YTD) performance of the stock illustrate downbeat trend of -32.06%.
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A number of analysts rated the stock as well: 4 analysts believe that the stock is a STRONG BUY while 10 reported it as Buy.2 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.
